Fund info

Baron Discovery Fund Retail Shares is an actively managed mutual fund specializing in small-cap growth equities. Its primary objective is to invest in a concentrated portfolio of U.S. companies poised for significant long-term growth, particularly those in the earlier stages of development. The fund takes a selective approach, targeting businesses with strong management, sustainable competitive advantages, and substantial growth potential, while maintaining a high active share compared to its benchmark. Sector allocations are diversified, with prominent weights in technology, industrials, and consumer cyclical industries, reflecting the fund’s focus on innovative and rapidly expanding segments of the market. Notably, the fund typically holds around 50–60 companies, resulting in a focused but diversified portfolio. With an inception date in 2013, the fund has established itself as a notable player in the small-cap growth space, aiming to identify tomorrow’s market leaders at an early stage. Its actively managed, research-intensive approach sets it apart in the broader landscape of U.S. equity mutual funds, providing exposure to dynamic, high-potential companies shaping the future economy.